1031 Exchanges in New Mexico

Everything you need to know about buying and selling New Mexico real estate while minimizing your taxable gain.

New Mexico Capital Gains Tax Rates

The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent). The Combined Rate does not account for New Mexico permitting of a 50% State deduction of Federally taxable capital gains.

State Rate
Local Rate
50% deduction
Combined Rate

New Mexico Income Tax Rates

New Mexico levies state taxes at rates ranging from 1.70% to 4.90%, assessed over progressive income brackets.

Find a Qualified Intermediary

Work with a qualified intermediary to qualify for a tax deferred real estate exchange. Find a local New Mexico intermediary or exchange facilitator below.

Sunwest 1031, LLC

10600 Menaul Blvd. NE, Albuquerque NM 87112